signature on share certificate

[DILIP DARJI]

Members,

In case of issue of a share certificate, it should be singed by 2 directors and one authorised signatories


But if company has only 2 directors and does not want to authorise the another person to  sign.

The who else can sign as a authorised signatories in authorised signaories >


--
With warm regards,

CS. Dilip Darji
M.Com, A.C.S.

Cell: +91 92242 42919
Mumbai

[CS.SUNIL KUMAR B.G.]

Dear Mr.Dilip,


In majority cases it's company secretary who signs the certificate along with 2 directors. if the company doesn't have any CS in it's company then the board can authorise any of it's company officer as a authorised signatory for the purpose of signing the share certificate.


 

--
Find eNewsletters of ICSI Mysore at: http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND www.esnips.com/web/icsimysore
 
You received this message as you are subscriber. To unsubscribe email to: csmysore-u...@googlegroups.com

--
Warm Regards,

CS.Sunil Kumar B.G.
B.B.M.,A.C.S.,(L.L.B.)
Mysore

[DILIP DARJI]

sir

But what if company does not want to involve the third person beside two director to sign

[senthil]

Any one of the Director can also sign as a Authorised signatoriy..

 

On Tue, Dec 22, 2009 at 10:35 AM, DILIP DARJI <cs.dil...@gmail.com> wrote:

--

[DILIP DARJI]

It mean one director sign twice one as a director capacity and one as a authorised signatory

[senthil]

yes ur correct.. bt the person should be authorised in Board.

[DILIP DARJI]

ok  thanks sir

[Vivek Hegde]

I do not agree. Authorised signatory should be a different person who can be a director other than persons signing as directors. No exception to that.

 

Regards

 

Vivek

 

CS Vivek Hegde,B.com, ACS, CWA
Company Secretary in Practice
No. 405, 4th Block, 7th Cross
Koramangala, Bangalore-560034
Mob: 9019756940

[Jayashree Chandrasekaran]

Yes, the authorised signatory should be a different person and can be an employee of the company...the employee needs to be authorised

by the Board

Jayashree

C.JAYASHREE
S GANESH & ASSOCIATES
Company Secretaries
IB OAKLAND (REAR BLDG)
17 MALONY ROAD TNAGAR
CHENNAI 600017
PH: 044 2431 1974  4212 2694
FAX: 044 4212 7034
MOBILE; 98840 17120

[Rajesh Warrier]

 

Friends,

 

I have a different view in this case. If we look in issue of share certificate rules, it says that share certificates shall be issued under the common seal of the company which shall be affixed in the presence of 2 directors......

 

If a company' s AOA says that common seal shall be affixed in the presence of two directors, then share certificate need to be signed by only two directors and there is no requirement of a third person.

 

My logic is that the rules speaks about affixing common seal on the certificate and it speaks about signing the certificate. Signatories in the certificate are actually witnessing common seal to the certificate.

 

Contrary  views invited......

 

Regards

 

Rajesh

Thanks
Regards
Rajesh A
Company Secretary
Kochi
Mob: 09846874314